Cablevision Systems Corp. on Thursday hit rival Verizon Communications Inc. with a false advertising suit in New York federal court, alleging Verizon’s recent advertising in the New York area promising the “fastest Wi-Fi” is a deliberate falsehood meant to undercut Cablevision’s business.
A Florida federal jury on Thursday delivered a $6 million dollar verdict against R.J. Reynolds Tobacco Co. and in favor of a Florida woman whose husband died of smoking-related causes.
The U.S. Senate on Thursday voted to approve TransCanada Corp.’s long-delayed Keystone XL pipeline, which would bring Canadian tar sands crude oil through the U.S., a project that has inflamed environmentalists and prompted a veto promise from President Barack Obama.
Kirkland & Ellis LLP advised an affiliate of Starwood Capital Group as part of a joint venture that agreed Wednesday to pay $1.12 billion to Duke Realty Corp. for a portfolio of suburban office properties in the South and Midwest.
A Texas court on Thursday withdrew its order granting an asphalt company's appeal to reinstate a $1.3 billion malpractice claim against the law firm of late trial attorney John M. O'Quinn and now-appellate court Judge Russell T. Lloyd for allegedly mishandling a pollution suit against Chevron US Inc., finding that it lacked jurisdiction.
GE Capital, the financial services arm for conglomerate General Electric, said Thursday it will lend $400 million to help fund aluminum company Constellium NV’s $1.4 billion acquisition of Wise Metals Intermediate Holdings LLC, an aluminum can sheet producer for beverage companies.